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On the Money With Maria Bartiromo

News/Business. Perspectives on market conditions and investment advice. (CC) (Stereo)

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Us 6, Costco 2, Kathleen Sebelius 2, Christine Ferguson 2, Julian 1, Anthony 1, Posturepedic 1, Morgan Stanley 1, Obama 1, Peter Lee 1, United Mileageplus Explorer Card 1, Unitedhealthcare Insurance Company 1, Rhode Island 1, Delavane 1, Cbs 1, Tempur-pedic 1, Google 1, Christine 1, Gregory Maguire 1, Mark Platte 1,
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  CNBC    On the Money With Maria Bartiromo    News/Business. Perspectives on market  
   conditions and investment advice. (CC) (Stereo)  

    November 3, 2013
    7:30 - 8:01pm EST  

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starts to have some exposure to a gdp recovery. where i worry about valuations are the high yielding, the bond-like stocks. >> are you seeing any impact on
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obama care? >> employment growth is weak. and a lot of that is uncertainty involving obama care. >> this whole dysfunctional government has been a real issue. do you think there's any chance of some grand bargain in the next month or so? these fights begin again in january. >> exactly, it's kind of the same movie over and over again. if anything, i'm optimistic about washington because i think that what we have seen is the polls are suggesting that the american public is sick of, you
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know, kind of brinkmanship and sort of political games that are stymying growth, they're stymying progress and we're seeing more of the same playing over and over again. politicians have got to be aware of this at this point ant start to come together. the guys who look like heroes are the guys on both sides of the aisle who are saying, let's work with each other. >> we have the continuation of the sequester, it gets more and more painful as time passes, so that could provide an incentive. >> we'll see you soon, guys. up next on "the money" the
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federal government is scrambling to cure healthcare.gov. the flawed website is not stopping people from enrolling. and i'm off to see the wizard, the story of oz marks ten years and billions of dollars. i have a look at how this money maker has defied gravity for a decade. we'll have the stock of the week, back in a moment. i love having a free checked bag with my united mileageplus explorer card. i've saved $75 in checked bag fees. [ delavane ] priority boarding is really important to us. you can just get on the plane and relax. [ julian ] having a card that doesn't charge you foreign transaction fees saves me a ton of money. [ delavane ] we can go to any country and spend money the way we would in the u.s. when i spend money on this card, i can see brazil in my future. [ anthony ] i use the explorer card to earn miles in order to go visit my family, which means a lot to me. ♪
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that's a good thing, but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, they could save you in out-of-pocket medical costs. call today to request a free decision guide. with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and virtually no referrals needed. join the millions who have already enrolled in the only medicare supplement insurance plans endorsed by aarp... and provided by unitedhealthcare insurance company, which has over 30 years of experience behind it. with all the good years ahead, look for the experience and commitment to go the distance with you. call now to request your free decision guide.
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more than a new interior lighting system. ♪ it is more than a hot stone massage. and more than your favorite scent infused into the cabin. it is a completely new era of innovation. and the highest expression of mercedes-benz. introducing the 2014 s-class. the best or nothing. access to healthcare.gov has been a miserably frustrating experience for millions of america americans. so let me say to americans, you
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deserve better. >> many people living in states which run their own health exchanges are shopping for plans and enrolling online. joining me now with what did it is coverage -- health source rhode island director, christine ferguson. thank you for joining us. >> great to be with you. >> great to be here. >> you have nearly 100,000 applications started in california already. and christine, rhode island's site has yet to even crash. how were you able to roll out our sites so successfully, when we're seeing what's happening on a federal level. what did you do differently than the federal government? >> first we started building our systems two years ago. we knew what we were building, we knew exactly what we were targeting. the federal government had a different circumstance. the whole planning was to have the health care system run by the state. unfortunately, a lot of states didn't decide until late in the
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game that they weren't going to play, meaning the federal government had a much bigger lift and more uncertainty late in the game. we were able to keep our eye on the ball of having that site ready, which it is today. >> coming in and that capacity to look at what's available before you go in and have to set up an entire account, that process, i think is a really important one if you're thinking about it from a consumer perspecti perspective. are the new plans much better than the old? all i keep hearing are these nightmare stories is that initially they were going to have to pay $2 hung a month and now they're going to have to pay $400 a month. >> there's a number of things happening at the same time, there were health insurance reforms that were included in the aca and at the state level.
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in those states that had not done much insurance reform, you see a difference in rates. >> health and human services secretary kathleen sebelius took responsibility. is the secretary to blame here? >> no, i don't think so. again, i hate to say, i put a lot of blame on the shoulders of 34 governors who for two years tried to play politics and tried to trash obama care instead of getting with the game. we said we're going to step up and do right by our citizens. and since then we have focussed and shown what you can do. kathleen sebelius is very good to work for. >> there are several million people who are being notified that their private insurance policies will be cancelled at
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the end of the year because those policies do not comply with the law. they're getting their notices right now. so president obama has promised repeatedly, that if you like your plan, you can keep your plan. so what happens to all those people now that they realize they actually can't keep their plan? >> there's about 900,000 people who are going to get -- 600,000, before today, they would have been locked into their health plan, now they can pick between different health plans and every health plan that they pick is going to have benefits they can rely on. you may have insurance that you might not really be covered when you need it. >> are the new plans on the exchanges really comparable? the law mandates certain minimums that people have to buy whether they need them or not. a man being forced to take on prenatal care. >> let's be clear, a woman has
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to pay for the men to get their prostate cancer fixed. lets be clear, we're not putting together an insurance system where you only pay for the services you need in that year, that would be paying as you go and not having insurance. the idea is that you have a group of people in the pool. >> the government is estimating that 40% of the 7 million people projected to enroll the first year need to be young and healthy to mitigate costs. it's early, but have you actually seen young, healthy people sign up. what if this age bracket opts to pay the penalty instead? >> we'll see the first month's enrollment, we are talking to a lot of young people, the 25-year-olds, they're often called the young and invincible. they're not young and stupid. they're lower income, they're starting out.
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they get a big financial leg up and they can buy lower cost plans because of that. >> i'm sure peter has this same sense that one of the difficulties that we're having at the state level now is because there it's so much focus on the federal piece, that's having a backlash on us. >> thanks so much to you both, appreciate it. peter lee, christine ferguson, thank you so much for joining us. up next, billions on broadway and beyond, wicked celebrating ten years as one of theater's most popular events. ♪ popular ♪ i'll help you be popular when we made our commitment to the gulf, bp had two big goals:
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help the gulf recover and learn from what happened so we could be a better, safer energy company. i can tell you - safety is at the heart of everything we do. we've added cutting-edge technology, like a new deepwater well cap and a state-of-the-art monitoring center, where experts watch over all drilling activity twenty-four-seven. and we're sharing what we've learned, so we can all produce energy more safely. our commitment has never been stronger.
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broadway's "great why way" proved to be a -- while the performers and audiences may change, the show goes on. after ten years, the business model is still defying gravity. ♪ defying gravity >> happy 10th anniversary, "wicked". >> the fact that the show has been going on for ten years on broadway, and nine countries around the world, it's a testament to fans. >> people come from all around to see the show. people have said i have seen it in singapore, i have seen it in japan, but i wantsed to come to broadway to see it. >> i thought that first night, well, that's different.
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>> it's all the ♪ popular ♪ i'll help you be popular >> nobody likes wicked by the audience, which is perfectly fine for me. one of the things we did when we first opened in new york, was we heavily discounted. if we put people in this theater and we experience what they're doing, that's what happened, we watched the box office in the
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first three months grow and grow. we started selling out. ♪ the wizard will see you now >> it was tough taking on -- >> i think part of the wonderment of the show is the intrigue of watching familiar characters take unexpected turns. that we have to attribute to gregory maguire, who wrote the novel and came one the gargantuan idea that this iconic characters from ow i is actually a woman of justice and of goodness. >> and you initially read that book, maguire's book and you were going to do this in the film form. >> that's correct. >> so what happened. something was missing in the material, it lacked some kind of magic that i couldn't put my
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finger on. one day i got a phone call from steven schwartz, who was the composer, i said i know you've got the right story, but have you ever thought about doing a musical? >> people in oz say, i mean you've got to let them sing. i was easily persuaded, but this was about two years before "harry potter" and about a year before "lord of the rings" so it was just making its come back. >> leading the group of 59 investors was universal pictures, a corporate sibling of the company that produces this broadcast. reportedly it took less than two years of sellouts to return investor money and the crowds have not stopped coming. >> this is cool. >> you see when you walk out here how increedably big this theater is, and how big the
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balcony is. >> this is an expensive show to produce. let's talk about that. flying monkeys, how do you keep making money on this show given the fact that it is expensive to produce? >> when you create a show, one of the first things you look at is how to marry the business side with the artistic side. in this instance, we needed to create a world, have it be big. in the end it's great storytelling. the business of it begins when the show opens. if you have a successful show, then you have the hard task of how do i keep it running every week? what happens if a hurricane comes to town? >> so you're grocing about a million a week? >> we regularly gro lly gross $ million. we created quick change. here you see some of the beautiful wardrobe designed by a
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an award winning desire. we learn something every time we put up a tour. we thought you know what? we could make this scene better by making this scene. so if you saw wicked ten years ago, and then today, you would see choreography that's different. >> it makes me say, i've got to come back. >> good, i like that. >> my thanks to mark platte and broadway's "wicked." great greats talk about a global vino shortage. is the threat of a dry spell half empty? stay with us.
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if you follow me on twitter a and google plus. your money. more earnings news coming. media giants, cbs, time warner and disney all reporting results this upcoming week. and we'll get the -- and on thursday sh the first read for the third quarter gdp is out. and twitter is going public. it will trade on the new york stock exchange. and on friday, job reports will be out for october.
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and news that may drive you to drink. morgan stanley is predicting a global wine shortage by some 300 million cases. due to rising global consumption of wine and declining productionment growers group, however, say that while 20123's harvest was weak, 2013 looks to be back on track. and we should toast to the production which will pick up the slack. that will do it for us today. next week, dna tests that could save your life. but how much do you want to know about your medical future. keep it right here where we are on the money. i'll see you again next weekend.
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with three years' interest-free financing, plus free same-day delivery, setup, and removal of your old set. when brands compete, you save. mattress price wars ends soon at sleep train. ♪ your ticket to a better night's sleep ♪ >> imagine a store with no signs in the aisles, a store that doesn't bag your purchases, one that never advertises, where you have to pay a fee just to walk in the door. who in the world would shop here? as it turns out, about 3 million fanatically loyal customers every day. it's called costco... >> i love costco. >> i bought ground beef. >> lawn furniture. >> a television. >> i bought my engagement ring here. >> ...a chain of stripped-down warehouses that's become a sensation at home and abroad. >> [ speaking chinese ]